Home & Personal Loans

Home and Personal Loans

Home loan:

Home loan is long term product to finance the purchase of property. You have to make a down payment (percentage of the purchase consideration) and the lender will provide rest of the funds. For under construction properties, the home loan can also be construction linked. You have to make loan re-payments in equal monthly instalments (EMI). In home loan, the property will be lien with the lender. Some of the leading financial institution which provide home loan are LIC Housing Finance Ltd., HDFC Ltd, Bajaj Housing Finance and leading nationalized and private banks.

Personal loan:

This is an unsecured loan for certain short term tenure. Loan approval will depend on your credit history. You can check your credit score by visiting the website of some financial institutions or Fintech company websites. There are two types of personal repayments. The most popular repayment is in equal monthly instalments (EMI). Some lenders may allow bullet repayment, whereby you will have to pay the interest every month and the principal at the end of the tenure.

At MC Financial Services, we help you in availing home loan and personal loan from leading financial institutions.